Share of IOC, BPCL, HPCL and Reliance Industries will remain in focus as the Finance Ministry on Saturday hiked the windfall gain tax on export bound diesel and aviation turbine fuel (ATF) by over 158 per cent and 42 per cent, respectively, with immediate effect. This is the first revision after levy reimposed on March 26 According to set of notifications, the windfall levy on diesel would now be ₹55.5 a litre as against ₹21.5 a litre. Similarly export bound jet fuel will attract levy of ₹42 a litre as against ₹29.5 a litre. However, export duty on petrol continues to remain Nil. Government officials made it clear that revision is not about boosting revenue for the Government, “it is more about not allowing exporters to take undue advantage due to price differences.”
Shares of Ather Industries, Ola Electric Mobility, TVS Motor, Bajaj Auto and Hero MotoCorp will remain in focus as the Delhi government on Saturday released a draft electric vehicle (EV) policy proposing that new registrations will be restricted to electric three-wheelers starting January 2027 and electric two-wheelers from April 2028, marking a shift from incentives-led adoption to a deadline-driven transition.